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Bankman-Fried Breaks Silence, Sympathizes with Laid-Off Workers

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Sam Bankman-Fried Breaks Silence on X, Shares Sympathy for Laid-Off Employees

Disgraced crypto boss Sam Bankman-Fried, serving a 25-year prison sentence for his role in the FTX collapse, broke his silence on X to express sympathy for laid-off federal employees and recipients of Elon Musk's weekly accomplishment emails.

Bankman-Fried, sharing a jail cell with music mogul Diddy, referenced Musk's push for federal employees to email their weekly work activities or risk being fired. He acknowledged not checking his own email for "the past few (hundred) days" and confirmed that being unemployed is "a lot less relaxing than it looks."

He emphasized the difficulty of firing people and argued that it's usually not the employee's fault. He placed the onus on employers, stating that it's often the employer's fault if they don't know what to do with their employees or don't have anyone to manage them effectively.

Following Bankman-Fried's posts, the FTT token associated with FTX briefly spiked. Last week, he admitted growing sympathy for Musk's "chainsaw" approach to reform and echoed Trump's criticism of the politicization of the Department of Justice.

Meanwhile, Musk's email request to federal employees sparked confusion and controversy. Initially setting a deadline for Monday, he later gave them a second chance to respond at Trump's discretion. He claimed the emails were simply to ensure employees were responsive, contradicting guidance from the Office of Personnel Management.

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May 21, 2023 | 05:09